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Originally Posted by WWW
The timeline in the last recession was:
House price and stock market crash, recession, unemployment rises, recession ends, unemployment continues to rise, large airlines go bust.
Spread that out between 1989 and 1994 and you have a crude measuring stick that one might apply to the current situation.
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I'm not a financial expert - far from it, but can the same parallels be drawn with previous recessions as aren't they caused by different things? This recession was caused by the banking collapse and the availability of credit drying up.
Does that mean this recession will follow the path of previous recessions??